Time Warner,
Comcast Weigh
Bid for Adelphia

By

Peter Grant and

James Bandler Staff Reporters of THE WALL STREET JOURNAL

Updated Sept. 28, 2004 11:59 p.m. ET

The cable industry's two biggest players are going shopping together.

Comcast Corp. and Time Warner Inc., the nation's first- and second-largest cable operators, are exploring a joint bid for Adelphia Communications Corp., the scandal-torn cable company whose systems are up for sale as part of a bankruptcy proceeding.

Adelphia, the fifth-largest cable company with coveted operations in Los Angeles and Florida, collapsed in 2002...